Payments to Governments for year ended 31 Dec 2017

RNS Number : 8015S

Ferrexpo PLC

27 June 2018

 

27 June 2018

FERREXPO plc

 ("Ferrexpo" or the "Company")

Report on Payments to Governments for the year ended 31 December 2017

Ferrexpo today provides information in accordance with DTR 4.3A in respect of payments made by the Company and its subsidiaries to governments for the year ended 31 December 2017 and in compliance with The Reports on Payments to Governments Regulations 2014, as amended (the Regulations).

	Production entitlements	Taxes paid	Royalties paid	Dividends paid	Bonuses paid	Licenses and concessions paid	Infrastructure improvements paid	Total
								(US$'000)
Ukraine
State treasury: State budget	-	11,735	9,922	-	-	-	-	21,657
State treasury: Regional budget	-	3,280	3,307	-	-	-	-	6,587
State treasury: Local budget	-	3,323	194	-	-	-	-	3,517
Total Ukraine	-	18,338	13,423	-	-	-	-	31,761
Grand Total	-	18,338	13,423	-	-	-	-	31,761

Basis of preparation:

1.            The Company regards payments relating to the Group's mining operations in Ukraine as interconnected projects for the purposes of the Regulations.

2.            Taxes paid include taxes levied on the income, production or profits of companies but excludes any taxes levied on consumption such as value added taxes, personal income taxes or sales taxes.

3.            Payments made in currencies other than US Dollars are translated at the average foreign exchange rate for the relevant month.

This report is available for download at www.ferrexpo.com.

For further information contact:

Ferrexpo:
Ingrid McMahon	[phone]
Maitland:
James Isola	[phone]

Notes to Editors:

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for 40 years. Ferrexpo's resource base is one of the largest iron ore deposits in the world. In 2017, the Group produced 10.4 million tonnes of pellets ranking it as the 3^rd largest exporter of pellets to the global steel industry with a market share of approximately 8.5%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey and Vietnam. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

 

END

 

 

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